UPDATE: According to British billionaire Alki David, the George Zimmerman fight will happen. Click here to read what happened at the fight press conference on Tuesday outside of Philadelphia.

ORIGINALDamon Feldman (left) had canceled the George Zimmerman vs. DMX boxing match, we had our doubts. And sure enough, on Monday morning, Feldman told us that he still hadn’t reached a final decision. “It all comes down to a meeting I have at noon today,” says Feldman, who declined to say who else would be attending that meeting.

On Saturday, after a week of growing opposition to the March 15th fight, Feldman tweeted that he had decided to pull the plug:

And the 300,000-member strong “Cancel the George Zimmerman ‘Celebrity’ Boxing Match” Facebook page let out a cheer.

But then Feldman deleted his tweets regarding the cancelation. On Monday morning, TheSource.com quoted Feldman as saying that he made the decision to cancel during an “emotional” moment:

I sent those tweets because I went through an emotional situation, I looked at my kids and I got emotional. I didn’t sleep for three days because I’m trying to figure out how this thing happened. As of right now, the fight is not canceled… Right now we’re in meetings as we talk. It all happened so fast; it became a worldwide story. I honestly didn’t know it would go as far as the White House and me being threatened. Zimmerman still wants to fight…

Feldman tells Philadelphia magazine that controversial British billionaire Alki David, who has partnered with Feldman to livestream the fight on a pay-per-view basis on the Internet, wants to move forward with the event. And why wouldn’t he? The Zimmerman fight may indeed be many horrible things — but it could be very good business.